Best Way to Support the Program?

[Nukem2]

If I remember it right, Jim Chones came to McGuire and said I'm leaving. And Al said he should give it another year and develop and Jim said I need to go for the money. My family has no food in the fridge. And Al said you go. You're already good enough.

Think you have that backward.

[warriorchick]

Any idea what % of the donations go to the athletes and what % goes to admininstration of the collective?

Administrative costs are going to be high in the first few years just like any other startup enterprise. You probably won't get a real idea of the true percentage for awhile.

[FartyEightHours]

Should just set up a GOFundme.  I think they only take 3%.

[MUBurrow]

Administrative costs are going to be high in the first few years just like any other startup enterprise. You probably won't get a real idea of the true percentage for awhile.

But the $ paid to the athletes is always technically an administrative cost right?  I'm not trying to be obtuse, but there is a bit of an inherent tension in creating a 501(c)(3) for the purpose of paying that org's employees. Like how does the collective determine how much is paid to each athlete? Is it at the same rate/hr? Any differences would have to be tied to that athlete's role in furthering the collective's charitable purpose, irrespective of his or her value on the NIL market as an athlete, correct?

[The Sultan]

But the $ paid to the athletes is always technically an administrative cost right?  I'm not trying to be obtuse, but there is a bit of an inherent tension in creating a 501(c)(3) for the purpose of paying that org's employees. Like how does the collective determine how much is paid to each athlete? Is it at the same rate/hr? Any differences would have to be tied to that athlete's role in furthering the collective's charitable purpose, irrespective of his or her value on the NIL market as an athlete, correct?

They may classify the payments to athletes as a program expense versus an administrative one. For instance, compensation paid to faculty members is likely classified that way on Marquette's 990.

[brewcity77]

What the hell is going on here? Fundraisers? NIL $$$ The players on this team made decisions to come here. Some were easier than others as is understandable. Players are offered scholarships. Do I go here, do I go there? These players were committed to Marquette. They weren't offered briefcases full of money. They are playing for the experience of high level bb. Period. They will be back next year to develop even more and be final four team next year. No body needs to hand any of them an envelope. I see character and commitment. Trust, and you shall be rewarded.

It's 2023, and we live in the real world.